Dept. of Trans.             PROGRESS              Serial No.    Contract No.
                                                  23-198-11-48  03-4J5104
                    PROGRESS PAYMENT VOUCHER      %complete:    %time:
                                                    79%           44%

Location:                                         Federal Project:
03-VAR                                            NONE

Progress payment No. 002                     Payment period ending: 07-20-23
TYRRELL RESOURCES INC
PO BOX 8219
TRUCKEE CA 96162

Escrow No. 00000
                                           Total Estimate      This Estimate
 1. Contract Itms Without Mobil.
 2. a. Extra Work                            1,194,491.41         442,226.83
    b. Adustment Comp.                         -61,362.59         -61,362.59
 3. Materials on Hand
 4. Earned Subject to Retention              1,133,128.82         380,864.24
 5. Mobilization
 6. Total Work Completed      1,133,128.82
 7. Deductions                                 -20,000.00         -10,000.00
 8. a. Contract Retentions
    b. Unsatisfactory Retentions
    c. Reduction after 95% Comp.
 9. Total pay to Contractor                  1,113,128.82         370,864.24
10. Reduction Amt to Escrow
11. Payment to Escrow                 0.00
12. Net Pymt. this Estimate                                       370,864.24